Though rising early on a heavy news cycle that included escalations in the Israel-Iran conflict and the heat wave engulfing vast portions of the United States, July Nymex natural gas futures pulled back to sink into Monday’s settlement with not enough weather-related support to sustain the upside.

Graph and two charts showing Natural Gas Intelligence's (NGI) natural gas storage snapshot including market consensus estimates for inventory.

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At A Glance:

Temperatures lift into 100sRegional demand nears recordsIsrael-Iran war takes backseat